Tag: tickmill

TitlePotential Bullish Bounce off 61.8% Fibonacci Support TypeBullish Bounce Preference:Price could fall towards the pivot point of 190.732 which is an overlap support that aligns with the 61.8% Fibonacci retracement level and potentially reverse from here; we could see momentum carry price up to its 1st resistance at 191.297 which is a pullback resistance that […]

ETH Soaring The rally in Bitcoin is helping drive a broad bull move across the crypto space currently. Second largest traded coin Ethereum is now back up to its highest levels since March 2022, close to testing the 2022 highs. The coin has put in an impressive 57% move higher this year, up more than […]

Daily Market Outlook, February 28, 2024 Munnelly’s Market Minute… “Markets Cautious Ahead of US GDP Then PCE Tomorrow” Asian Markets: Markets in the region are cautious ahead of key US data releases. The number of Fed rate cuts discounted by markets has fallen to three, equaling the signal provided in policymakers’ ‘dot plot’ of interest […]

In Tuesday’s early New York session, gold showcased its resilience against the US Dollar, buoyed by hopes of an eventual dovish turn in Federal Reserve policy. Investors, eyeing a potential rollback of the Fed’s restrictive interest rate stance, flocked towards non-yielding assets like gold, seeking refuge from the uncertainties looming in the market. However, the […]

Japanese Inflation Tops Forecasts The Japanese Yen is seeing better demand across early European trading on Tuesday. Overnight, the latest Japanese inflation data has once again turned for onto potential BOJ policy normalisation. National Core CPI was seen coming in at 2% last month, above the 1.9% the market was looking for. The data increases […]

Daily Market Outlook, February 27, 2024 Munnelly’s Market Minute… “US Budget Negotiations In The Spotlight” Asian Equity Markets: Most markets in the region are higher, with Japan experiencing a smaller-than-expected fall in annual inflation, potentially signaling a rise in interest rates. UK Economy: The UK’s BRC shop price index indicates a monthly fall in food […]

TitleApproaching Pullback Support TypeBullish Bounce Preference:Price is falling towards the pivot point of 150.354 which is a pullback support that aligns with the 100.0% Fibonacci projection level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 150.607 which is a pullback resistance level. Alternative scenario:If price […]

TitleEURUSD M15 I Bearish reversal TypeBearish Reversal Preference:Price is rising toward the pivot point of 1.0845, a pullback support that aligns with the 50% Fibo retracement. A reverse from this level could lead the price to fall to 1st support at 1.0788, an overlap support Alternative scenario:If price breaks above the pivot, it could rise […]

TitlePotential Bearish Breakout TypeBearish Breakout Preference:Price is falling towards the pivot point of 0.65498 which is a potential breakout level and could drop lower from here; we could see momentum carry price down to its 1st support at 0.65240 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level. Alternative scenario: […]

Bitcoin Rally Pauses Bitcoin prices saw very little movement over the European morning on Monday. The futures market remains stagnated for now ahead of resistance at the 53385 level. On the back of the bull move we saw over early February, the recent loss of upside momentum shouldn’t phase bulls too much with the outlook […]